A leader in the development, production and supply of specialty chemicals, SONGWON’s products touch your life every day, everywhere. Since 1965, we’ve been driving innovation, partnering for progress and paving the way for a better more sustainable tomorrow with 360° customized solutions.
Headquartered in South Korea, SONGWON is the 2nd largest manufacturer of polymer stabilizers worldwide. With Group companies and world-class manufacturing facilities across the globe, we are dedicated to providing customers in over 60 countries with high-performance products that meet their individual needs and the best levels of service.Songwon Industrial Co., Ltd.
12 May 2023
SONGWON Industrial Group releases Q1/2023 financial results
SONGWON Industrial Group (www.songwon.com) today released its audited financial results for the 1st quarter of 2023. The Group reported a decline in revenue of -21.1% in Q1/2023 (267,167 Million KRW) compared to sales generated in Q1/2022 (338,433 Million KRW). SONGWON’s gross profit margin in the first 3 months of 2023 was 15.4%, a decrease of -11%-points when compared to the same period of the previous year (26.4%). Net profit in Q1/2023 was 10,626 Million KRW, lower than in Q1/2022 (43,427 Million KRW).
17 Apr 2023
SONGWON demonstrates industry commitment at Chinaplas 2023 with its newest high-performance solutions
Songwon Industrial Co., Ltd., the 2nd largest manufacturer of polymer stabilizers in the world and a key global specialty chemicals player, is showcasing the newest additions to its broad portfolio of high-performance solutions at Chinaplas 2023 in Shenzhen, China from April 17th – April 20th.
28 Mar 2023
SONGWON showcases its coatings strength with new product releases at the European Coatings Show
SONGWON Industrial Group (www.songwon.com), the 2nd largest manufacturer of polymer stabilizers in the world and global specialty chemicals player, continues to demonstrate its firm commitment to the coatings industry with the expansion of its comprehensive portfolio of high-performance coatings products and blends.
2 Mar 2023
SONGWON reports solid results for FY 2022
SONGWON Industrial Group (www.songwon.com) today reported its financial results for FY 2022. The Group achieved revenues of 297,610 Million KRW during Q4/2022, marking a 5.0% increase over the previous comparable quarter in 2021 (Q4/2021: 283,475 Million KRW). In Q4/2022, the Group achieved a net profit of 8,459 Million KRW, a decline of -67.6% versus the prior year quarter (Q4/2021: 26,100 Million KRW). SONGWON recorded strong overall consolidated sales of 1,329,509 Million KRW for FY 2022, a rise of 33.2% compared to the consolidated sales achieved for FY 2021 (998,190 Million KRW). The Group reported a net profit in 2022 of 131,932 Million KRW, marking an 85.3% increase compared to the full year 2021 (FY 2021: 71,209 Million KRW). The gross profit margin of 22.7% for the financial year stood slightly higher than in FY 2021 (22.3%).
22 Nov 2022
SONGWON announces new leadership appointments
Songwon Industrial Co., Ltd. (www.songwon.com/) announced today that it has appointed Hans Werhonig as Leader Group Commercial and a member of SONGWON’s Executive Committee from December 1st, 2022.
11 Nov 2022
SONGWON Industrial Group announces sound Q3 2022 results
SONGWON Industrial Group today published its financial results for the 3rd quarter of 2022. During the quarter, the Group achieved consolidated sales of 350,731 Million KRW and reported a net profit of 41,376 Million KRW. When compared to the sales (Q3/2021: 260,137 Million KRW) and net profit (Q3/2021: 20,972 Million KRW), recorded in previous year, this marked an increase of 34.8% and 97.3% respectively. In Q3/2022, SONGWON reported a slight decline in its gross profit margin of 1.8%-points compared to Q3/2021.
21 Oct 2022
SONGWON to support global plastic industry growth with continuous investments
Songwon Industrial Co., Ltd., the world’s 2nd largest manufacturer of polymer stabilizers and a key global player in the specialty chemicals business announces new strategic investments to support global plastic industry growth and to meet its needs.
19 Oct 2022
SONGWON K 2022 press kit
K is the world's largest trade fair for the plastics and rubber industry. It gathers the most important supplier of plastics and rubber machinery, raw and auxiliary materials and semi-finished products, technical parts and reinforced plastic products under one roof. It is an ideal platform to showcase products and innovations and to make business contacts. K will be followed by a special exhibition under the theme "Visions in Polymers", that presents the trends and innovations of the industry. Special consideration is given to the subjects of energy efficiency and resource conservation.
19 Oct 2022
SONGWON showcases its approach to mechanical recycling at K 2022
At the K 2022, Songwon Industrial Co., Ltd., the world’s 2nd largest manufacturer of polymer stabilizers and a key global player in the specialty chemicals business is showcasing its latest mechanical recycling stabilization approach for polyolefins (POs) and reaffirming its drive to deliver sustainable solutions to the industry.
12 Oct 2022
SONGWON launches new products at K 2022 highlighting its commitment to the industry
Songwon Industrial Co., Ltd., the world’s 2nd largest manufacturer of polymer stabilizers and a key global player in the specialty chemicals business highlights its ongoing commitment to the plastics industry with new product launches at K 2022.
12 Aug 2022
SONGWON Industrial Group reports strong Q2 Financial Results
SONGWON Industrial Group today released its financial results for the 2nd quarter ending June 30, 2022. Building on the positive momentum of Q1/2022, the Group achieved consolidated sales of 342,735 Million KRW during Q2/2022 which when compared to Q2/2021, marked a 47.7% rise in revenue. The Group’s YTD June 2022 sales revenues (681,168 Million KRW) increased by 49.8% over the June YTD sales generated in 2021 (454,578 Million KRW). During the 6 months of 2022, the Group realized a gross profit margin increase of 5.2%-points to 25.5% compared to June YTD 2021.
13 May 2022
SONGWON delivers strong Q1/2022 financial results
SONGWON Industrial Group (www.songwon.com) today released its financial results for the 1st quarter of 2022. After a solid end to 2021, SONGWON started the new year strongly with sound growth and increased revenues. In Q1/2022, the Group achieved consolidated sales of 338,433 Million KRW and reported a robust 373.9% increase in net profit (43,427 Million KRW) over the same quarter the previous year (9,164 Million KRW). When compared to the 1st quarter of 2021, the gross profit margin in Q1/2022 increased from 21.6% to 29.4%. In Q1/2022, both EBITDA and EBIT margins increased respectively to 19.4% and to 17.0%.